Flemish venture capital firm Imec.xpand has raised €300mn to invest in deeptech startups. The VC is a spinoff from Leuven-based Imec, one of the world’s largest microelectronics research institutions. The new fund targets AI, semiconductors, nanotechnology, photonics, and quantum computing. It will also invest in startups working on new ways to diagnose and treat medical conditions. To date, Imec.xpand has invested in 23 companies that have so far raised a combined €1.5bn in funding. This includes two unicorns — companies valued at €1bn or more. Imec.xpand recently opened a new office in the Netherlands, according to Dutch newspaper Het Financieele…
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